Is London’s Nine Elms the next Canary Wharf?

As a new ‘diplomatic quarter’ rises on the banks of London’s Thames river, Garrington’s London Director Nicholas Finn considers whether the new Nine Elms and its famous Battersea Power Station will deliver the same extraordinary growth in property values that its famous financial sector predecessor, Canary Wharf, has generated over the past four decades. That Isle of Dogs housing market has turned flats bought in the mid-1980’s for £40,000 into £500,000 properties today, but will Nine Elms’ more central location help generate similar rises in property values over a similar – or maybe even shorter – period of time?